Common use of Involuntary Bankruptcy or Receivership Proceedings Clause in Contracts

Involuntary Bankruptcy or Receivership Proceedings. The appointment of a receiver, custodian, liquidator, or trustee for any Borrower Entity, or for any of their Property, by the order or decree of any court or agency or supervisory authority having jurisdiction; or any Borrower Entity's adjudication as being bankrupt or insolvent; or the sequestering of any of the Property of any Borrower Entity by court order or the filing of a petition against any Borrower Entity under any state or federal bankruptcy, reorganization, debt arrangement, insolvency, readjustment of debt, dissolution, liquidation, or receivership law of any jurisdiction, whether now or hereafter in effect, unless dismissed (in the case of involuntary proceedings only) within sixty (60) days.

Involuntary Bankruptcy or Receivership Proceedings. The appointment of a receiver, custodian, liquidator, or trustee for any Borrower Consolidated Entity, or for any of their its Property, by the order or decree of any court or agency or supervisory authority having jurisdiction; or any Borrower a Consolidated Entity's ’s adjudication as being bankrupt or insolvent; or the sequestering of any of the Property of any Borrower Consolidated Entity by court order or the filing of a petition against any Borrower a Consolidated Entity under any state or federal bankruptcy, reorganization, debt arrangement, insolvency, readjustment of debt, dissolution, liquidation, or receivership law of any jurisdiction, whether now or hereafter in effect, and in each case without the acquiescence of a Consolidated Entity, unless dismissed (in the case of involuntary proceedings only) within sixty (60) days.

Involuntary Bankruptcy or Receivership Proceedings. The appointment of a receiver, custodian, liquidator, or trustee for any Borrower Consolidated Entity, or for any of their its Property, by the order or decree of any court or agency or supervisory authority having jurisdiction; or any Borrower a Consolidated Entity's adjudication as being bankrupt or insolvent; or the sequestering of any of the Property of any Borrower Consolidated Entity by court order or the filing of a petition against any Borrower a Consolidated Entity under any state or federal bankruptcy, reorganization, debt arrangement, insolvency, readjustment of debt, dissolution, liquidation, or receivership law of any jurisdiction, whether now or hereafter in effect, and in each case without the acquiescence of a Consolidated Entity, unless dismissed (in the case of involuntary proceedings only) within sixty (60) days.